U.S. stocks rally, with media deals at center stage

4:30 pm ET May 2, 2007

DJIA

13,211

+75.74

S&P

1,495

+9.62

NASDAQ

2,557

+26.31

10Yr

4.65%

+0.004

U.S. stocks rally, with media deals at center stage

NEW YORK
U.S. stocks rallied on Wednesday, lifting the Dow Jones Industrial
Average to record highs, thanks to deal speculation in the media sector,
stronger-than-expected factory data, and Time Warner Inc.'s earnings
report.

Dow Jones shareholders powerless on News Corp. bid

LOS ANGELES
Holding on to Dow Jones & Co. stock in the hopes that shareholder groups
will come to the rescue and press the Bancroft family into selling to
Rupert Murdoch's News Corp.?

Dow Jones mulls Murdoch offer

NEW YORK
Dow Jones & Co.'s board is meeting on Wednesday to discuss the $5
billion unsolicited bid from media mogul Rupert Murdoch's News Corp.,
for the publisher of the Wall Street Journal, CNBC reported. See

Economic Report: Biggest gain in factory orders in a year in March

WASHINGTON
Orders for U.S.-made factory goods rose 3.1% in March, the biggest gain
in a year, the Commerce Department reported Wednesday.